Market Insights
“The Industrial Air Compressor Market size was US$ 34.3 Billion in 2023 and is likely to grow at a steady CAGR of 4.9% in the long run to reach US$ 47.9 Billion in 2030.”
Market Dynamics
Introduction
The market of industrial air compressors is expanding at a constant rate owing to some trends like the rise in industrial operation, automation in emerging economies, and a rise in the need for more energy-saving products. These compressors are widely used in industries such as oil & gas, food & beverages, manufacturing industries as well as petrochemical industries for operations and uses of pneumatic tools and equipment. Rising industrialization globally, especially in regions such as Asia-Pacific & Africa, and increased government support for automation are also working in this segment’s favor. The development of gears like variable speed drives and smart controls improves the performance of compressors and is economical and environmentally friendly. However, barriers such as losing energy through leaks, and the high costs of maintenance continue to present formidable barriers. Nevertheless, the constant concern with sustainability and energy-saving technologies remains a large prospect for market growth.
Segments Analysis
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Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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Product Type Analysis
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Positive Displacement and Dynamic
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Positive Displacement is expected to experience significant growth in the product type.
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Design Type Analysis
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Stationary and Portable
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The stationary type is anticipated to be the fastest-growing segment during the forecast period.
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Seal Type Analysis
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Oil-free and Oil-filled
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Oil Filled will drive the Industrial Air Compressor Market in the long term.
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Output Power Type Analysis
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Up to 50 kW, 51–250 kW, 251–500 kW, and Above 500 kW
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51-250 kW segment is the fastest growing in the output power type segment.
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Pressure-Range Type Analysis
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Up To 20 Bar, 21–100 Bar, and Above 100 Bar
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The pressure range of up to 20 bar is expected to grow significantly.
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End-User Type Analysis
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Chemicals & Petrochemicals, Food & Beverages, Oil & Gas, Pharmaceuticals, Construction, Automotive & Transportation, Power Generation, Healthcare, Metals & Mining, and Others
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The Chemicals & Petrochemicals segment is projected to grow at the fastest rate.
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Region Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Asia-Pacific is the fastest-growing region in the Industrial Air Compressor Market.
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By Product Type
“It is expected that the positive displacement segment will dominate the industrial air compressor market throughout the forecast period.”
- The market is segmented into Positive Displacement and Dynamic.
- Growth of positive segment burners is attributed to its uses such as construction, automotive, packaging, and food & beverage.
- Positive displacement air compressors have reciprocating and rotary classifications, although they can be further classified as oil-free or lubricated.
By Design Type
“The most rapidly developing segment of the Industrial Air Compressor Market is the stationary design type.”
- The market is segmented into Stationary [Reciprocating and Rotatory] and Portable.
- Stationary air compressors have a higher cfm (cubic feet per minute) rating compared to portable air compressors which allows them to deliver a tremendous amount of compressed air within a short time.
- The market for stationary industrial compressors is anticipated to grow with the increasing demand from new sectors such as food & beverages, chemicals, and automobiles.
By Seal Type
“The Oil-filled is expected to hold the largest market share over the forecasted period.”
- The market is segmented into Oil-free and Oil-filled.
- Oil-filled compressors are gradually being adopted due to their relatively low cost when compared to oil-free compressors.
- Oil-filled compressors provide a one-stage compression that makes them so efficient and economical.
- There is also a growth in oil-free compressor needs in end uses that need high-quality compressed air like in the food & beverage and pharmaceutical sectors.
By Output Power Type
“51–250 kW is expected to account for the greatest share of the market.”
- The market is segmented into Up to 50 kW, 51–250 kW, 251–500 kW, & Above 500 kW.
- 51–250 kW is expected to account for the greatest share of the market due to its wide use in industries such as power generation, chemicals, food and beverages, mining, automotive, and wastewater treatment employs this type of power range compressors.
- The 51-250 kW segment is expected to experience growth due to growing investment in the chemical and petrochemical industries.
- Other segments like automotive and transport air compressor segments are also rising due to rising infrastructure and transport requirements.
By Pressure-Range Type
“Pressure range of up to 20 bar will grow significantly during the forecasted period.”
- The market is segmented into Up To 20 Bar, 21–100 Bar, and Above 100 Bar.
- The up to 20 bar sub-segment is expected to be the fastest growing during the forecast period because of the rising investment in industries that use low to moderately enhanced pressure.
- Another factor for the growth of up to 20 bar pressure range is the versatility of compressed air across industries like manufacturing and automotive that demand steady and powerful air compression at lower pressure.
- Another rapidly rising segment is 20-100 bar, which is boosted by the need for oil & gas and power generation that require higher pressure ranges.
By End-User Type
“Chemicals & Petrochemicals segment will continue to have significant growth in industrial air compressors.”
- The market is segmented into Chemicals & Petrochemicals, Food & Beverages, Oil & Gas, Pharmaceuticals, Construction, Automotive & Transportation, Power Generation, Healthcare, Metals & Mining, and Others.
- Chemicals & Petrochemicals segment will continue to have the largest demand for industrial air compressors due to their increasing use in developing nations.
- Industrial air compressors market is also driven by new chemical & petrochemical projects, and expansion in Asia.
- The oil and gas sector is the second fastest growing segment following the construction of new oil refineries.
Regional Analysis
“The Industrial Air Compressor Market is experiencing its fastest growth in the region of Asia-Pacific”
- The market is segmented into North America, Europe, Asia-Pacific, and The Rest of the World.
- The Asia-Pacific region will go on dominating the Industrial Air Compressor Market due to increasing investments in LNG, chemical, and mining industries, and increasing industrialization.
- Continued development in manufacturing industries especially in automotive, electronics, and heavy plants industries also continues to drive the market further.
- The investments in hydrogen and green energy are strong in the Asia-Pacific region which will boost further demand for air compressors.
Key Players
The Industrial Air Compressor Market is fragmented, with the top players accounting for a significant but not dominant share of the overall market, presence of a diverse set of manufacturers, both large and small, contributes to the fragmented nature of this market. The following are the key players in the Industrial Air Compressor Market.
Here is the list of the Top Players (Based on Dominance)
- Atlas Copco
- Ingersoll Rand
- Doosan Infracore
- Hitachi
- Kobe Steel
- BOGE Kompressoren
- Volkswagen (MAN Energy Solutions)
- ELGi Equipments
- Kirloskar Pneumatic
- Kaeser Kompressoren
Note: The above list does not necessarily include all the top players of the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The global Industrial Air Compressor Market is segmented into the following categories.
Industrial Air Compressor Market, by Product Type
- Positive Displacement (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Dynamic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Industrial Air Compressor Market, by Design Type
- Stationary (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Portable (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Industrial Air Compressor Market, by Seal Type
- Oil-free (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Oil-filled (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Industrial Air Compressor Market, by Output Power Type
- Up to 50 kW (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- 51–250 kW (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- 251–500 kW (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Above 500 kW (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Industrial Air Compressor Market, by Pressure Range Type
- Up To 20 Bar (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- 21–100 Bar (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Above 100 Bar (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Industrial Air Compressor Market, by End-User Type
- Chemicals & Petrochemicals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Food & Beverages (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Pharmaceuticals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Automotive & Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Power Generation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Healthcare (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Metals & Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Industrial Air Compressor Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Industrial Air Compressor Market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
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